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STEVENS v. ASSOCIATES FINANCIAL SERVICES

Bankruptcy Nos. 82 B 04400 Mc, 82 Mc 1927.

24 B.R. 536 (1982)

In re John Richard STEVENS, Patricia Louise Stevens, Debtors/Plaintiffs, v. ASSOCIATES FINANCIAL SERVICES, Defendant.

United States Bankruptcy Court, D. Colorado.

November 18, 1982.

Attorney(s) appearing for the Case

Edward I. Cohen, Denver, Colo., for debtors/plaintiffs.

Thomas F. Farrell, Denver, Colo., for defendant.

ORDER DISALLOWING IN PART LIEN AVOIDANCE AGAINST ASSOCIATES FINANCIAL SERVICE UNDER 11 U.S.C. § 522(f)

JOHN F. McGRATH, Bankruptcy Judge.

The question presented to this Court is whether a renewal loan which includes the balance of the original purchase money loan plus a cash advance to the Debtor will cause the security to lose its purchase money character for purposes of lien avoidance action under 11 U.S.C. § 522(f).

The parties have stipulated...

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